Forex: GBP/USD Technical Analysis – Pound Hits 3-Week Low
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- Prices turned lower as expected after putting in an Evening Star candle pattern
- A break below 1.6321 (23.6% Fib ret.) eyes the 1.6208-31 area (38.2% Fib, channel top)
- Turning back above 1.6321 eyes 1.6465, the December 10 swing high
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Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
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